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Fakeeh Technologies Interview Questions and Answers
Q1. Entry for purchases? Purchases was recorded as Rs.100 first, then it increased to Rs.105, what will be the entry?
The entry for purchases will be updated to reflect the increase from Rs.100 to Rs.105.
The original entry for purchases was Rs.100
The updated entry for purchases will be Rs.105
The entry will be updated in the accounting software or ledger
The accounts affected will be the purchases account and the accounts payable account
Q2. What would you do if the company gets bonds?
I would analyze the terms of the bond and its impact on the company's financials.
Review the interest rate and maturity date of the bond
Assess the impact on the company's debt-to-equity ratio
Evaluate the potential benefits and risks of issuing bonds
Consider alternative financing options
Communicate findings to management and make recommendations
Q3. Meaning of LIBOR and other rates
LIBOR is a benchmark interest rate that banks use to lend to each other. Other rates include prime rate and federal funds rate.
LIBOR stands for London Interbank Offered Rate
It is the average interest rate at which banks can borrow from each other
It is used as a benchmark for various financial products such as loans, mortgages, and derivatives
Other rates include prime rate, which is the interest rate that banks charge their most creditworthy customers, and federal funds rate, ...read more
Q4. Why CS to work with?
CS is a great company to work with because of its strong reputation, diverse range of services, and commitment to innovation.
CS has a strong reputation in the financial industry, which provides a great foundation for career growth.
The company offers a diverse range of services, which allows for exposure to different areas of finance.
CS is committed to innovation, which creates opportunities to work on cutting-edge projects.
CS has a global presence, which provides opportunitie...read more
Q5. Optimisation of python codes
Optimizing Python code involves improving efficiency and performance.
Use built-in functions and libraries for faster execution.
Avoid unnecessary loops and nested loops for better performance.
Implement caching and memoization techniques to reduce redundant computations.
Profile and analyze code using tools like cProfile to identify bottlenecks.
Consider using data structures like dictionaries or sets for faster lookups.
Use list comprehensions instead of traditional loops for con...read more
Q6. Difference between EL and UL
EL stands for Expected Loss while UL stands for Unexpected Loss in financial analysis.
EL is the estimated loss that a company expects to incur based on historical data and risk assessments.
UL is the potential loss that is not accounted for in the expected loss calculation, typically due to unforeseen events or extreme market conditions.
EL is used for budgeting and planning purposes, while UL is used to determine the amount of capital reserves needed to cover unexpected losses...read more
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